Wednesday, October 16, 2013 3:48:25 PM
Did they sell most if not all the MSR?
If they did that could allow close to another billion in cash on the BS. We had close to 2 billion last qtr so if they did dispose of the MSR you should be up around 3 billion mark in cash.
IF all that did happen why not payoff TARP? NINE % interest coming in 2014 and nobody is paying that kind of interest!
So we pay off TARP. Once that is out of the way and if we are still profitable then lets declare a small divy. Heck we are 2.50 below book and should be trading at 2 times that value.. Say 34.00 so once you pay the divy hopefully the volume increases and the PPS follows.
But hey let not stop here.
We still have approx 266 million in DTA's that need to be put to work. So lets call up Mr & Mrs regulator and ask them to hound the feds IRS to cough up the DTA's. Sure makes it easier to make a profit when your tax liability is decreased?
Hey how about making that community bank a profit center too!
Lots of things to watch for in the next week or 2.
HIGHER TIMES FOR OLE FBC!
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